High Volume Edge: CAVA +229% in 178 Days

Ameet Rai
Ameet Rai

Electrical Engineer and Swing Trader focused on achieving super-performance. Through extensive studies of previous super-performance stocks and proprietary data-based research I provide guidance for new traders with an emphasis on building processes and teaching traders how to think and trade for themselves.

CAVA has been a huge winner in the markets this year since it’s IPO. It all started with a single High Volume Edge and the Highest Volume since IPO volume signature which sparked a 229% run in the stock. In this chart mark up I cover key areas and how I handled it this year.

Key Characteristics:

1. Edge: High Volume
2. Entry Tactic: High Volume Close
3. Good Closing Range on Gap Up Day
4. Catalyst: Lock Up Period Expiration (weird, this is why I’m not big on catalysts and finding out why – volume is enough of a reason most times with tight price action thereafter)
5. Float < 150M = quick mover in the markets if volume comes in
6. Price respected Key Moving Averages while trending
7. Multiple Relative Strength Phases
8. Tight Price Action and Volume Dry Up after Highest Volume since IPO

If any of these concepts are foreign to you, check out the Ultimate Trading Guide.

Chart Mark Up

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High Volume Edge
Chart via Deepvue
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